Maritime market update: tight LNG supply and oil oversupply? says an article on Gasum.
Market updateRisavika LNG dropped 5.8 % to 34.8 EUR/MWh week on week (w-o-w) after a month of the rally. The weather forecast adjusting higher at the beginning of June provided a bearish sentiment to the market. However, the European gas markets remain bullish on lower supply due to maintenances in Norway and slow LNG arrivals, while demand for storage injections is at its highest for the summer. Biden...
Risavika LNG gained 1.6 % week on week for May contracts, reaching 29.17 EUR/MWh. The European gas prices were supported by a colder weather forecast for most of April and start of gas injection season, reports gasum.
Support for the Gas PricesStrong heating demand in the market with lower pipeline gas and LNG supplies resulted in high reliance on underground inventories, leaving them at historically low levels for the start of inventories injection season. This spring and summer gas demand will...
The COVID-19 pandemic has not faltered the LNG-fueled fleet, reports Gasum.
Drop in global LNG receiptsRisavika LNG front month (Jan) has dropped by 1.6% week on week to 24.10 EUR/MWh on milder weather forecast, thus, lower demand from power sector. Global LNG receipts fell to 29.7 million mt in November from 30.9 million mt a year earlier, according to Argus Media.
The drop was mainly the result of European demand shrinking by nearly 30% to 5.85 million mt. Poland and Lithuania were the only two...
https://mfame.guru/lng-marine-fuel-use-to-grow-despite-pandemic-downturn/